The Home Owners Support Fund is a government initiative to help home owners who are at risk of losing their home.
Run by the Scottish Government, the Home Owners Support Fund is made up of two schemes:
- Mortgage to Shared Equity
The fund helps home owners who can no longer afford their mortgages. The Scottish Government buys a stake in your property (up to 30%) so you can reduce your secured loan. You’ll still own and have responsibility for maintaining and insuring your home.
- Mortgage to Rent
If you are in danger of having your home repossessed, the Scottish Government’s mortgage to rent scheme could allow you to remain in your home as a tenant.The scheme allows a social landlord (housing association or local council) to buy your home. You’ll continue to live there as a tenant.